GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Hindustan Aeronautics surged nearly 6% to its all-time high of Rs 5,484.20 on BSE in Tuesday's trade as the company announced that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from the company. The tender’s value is said to be worth around Rs 50,000 crore, the largest single order given for the acquisition of choppers to an Indian company. Out of the total number of helicopters named ‘Prachand’, 90 will be procured for the Indian Army while 66 for the Indian Air Force, stated HAL in its filing to the exchanges. The Army and Air Force will get the `Prachand’ helicopters that have been designed specifically for Indian conditions and have shown good performance at super high altitude areas during trials in Ladakh. "This helicopter is equipped with requisite agility, maneuverability, extended range, high altitude performance and around-the-clock, all-weather combat ...

[hfe_template id='11223'] [ad_1] Shares of defence PSU BEML zoomed 13% today on BSE to the day’s high of Rs 3,636 after the company reported a profit of Rs 256.8 crore for the quarter ended March 2024, a 62% year-on-year (YoY) jump from Rs 157.7 crore posted a year ago. BEML’s revenue from operations stood at Rs 1,513.65 crore for the fourth quarter, a 9% increase from Rs 1,387.94 crore reported in the same period last year. The board of directors had also announced a dividend of Rs 15.50 per share. The total order book of the company stood at Rs 11,872 crore as of 31st March 2024, out of which, orders worth Rs 3,301 crore are to be executed in FY25. BEML stock has gained 63% in the past 6 months and increased by nearly 27.5% so far in this calendar year.On the technical side, the stock is performing very well above its significant exponential moving averages and stands at a mid-range of nearly 40 on the RSI, as per Trendlyne data.The mid-range on the RSI is denoted by t...